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Average value of bank appraisals continued to decrease
Survey on bank evaluation on housing
Average value of bank appraisals continued to decrease - December 2013
24 January 2014

Summary
The average value of housing bank appraisals in Portugal stood at €1014/sq meter, down by 0.4% from the value observed in November and 0.5% when compared with December 2012 (change rates of -0.1% and -0.3%, respectively, in November). Comparing with the previous month, the average value in Lisboa Metropolitan Area decreased 1.0% in December, while in the Porto Metropolitan Area this value increased 0.9%. The average value of housing bank appraisals stood at €1219/sq meter in Lisboa Metropolitan Area and at €935/sq meter in the Porto Area.
For the year 2013, the average value of housing bank appraisals was €1006/sq meter, down by 2.8% when compared with the average value observed in the previous year.

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